where do I enter/update the unemployment exemption in NY state return? TT entered $10,200 and I believe it should be zero but can't see how to change it
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On the New York tax return, the $10,200 unemployment exclusion is added back on Form IT-558, Schedule A, Part 1 with code A-011. TurboTax will do this automatically. You don't have to enter anything or change anything.
New York is still taxing your unemployment---there is no waiver in NY for the first $10,200 of unemployment received in 2020.
I know that NY is taxing unemployment.....but it looks like TT just transferred the exemption from my federal to state return.....and I am trying to see where that gets corrected...so that I am NOT claiming the exemption on state return....haven't found it yet and don't want to file until i am sure it is right
Since NY taxes the full amount it needs to add back in the 10,200 exclusion to the federal AGI that the federal didn't tax.
On the New York tax return, the $10,200 unemployment exclusion is added back on Form IT-558, Schedule A, Part 1 with code A-011. TurboTax will do this automatically. You don't have to enter anything or change anything.
thank you-- that is what i could not find....
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